Crane Currency today announced plans to build a new banknote printing facility and customer experience center in the country of Malta. The Malta facility will represent an investment of approximately $100 million for the construction of the factory, the machinery and the equipment.
Crane made the announcement during a visit to its offices by the Prime Minister of Malta, The Honorable Dr. Joseph Muscat.
The company expects to initially hire approximately 200 new employees.
Crane currently supports its international customers from its Tumba, Sweden operations which includes a modern printing works, banknote paper mill and design services team and from its security technologies operation in New Hampshire and Georgia.
The country of Malta has a well-known history of banknote production providing Crane access to a skilled workforce. In addition, Malta has a business-friendly environment and is located in close proximity to many of Crane's customers.
